NAHB: MULTIFAMILY DEVELOPER CONFIDENCE IMPROVED IN Q2 BUT REMAINS IN NEGATIVE TERRITORY

摘要

Confidence in the market for new multifamily housing increased in Q2 2020, but remains in negative territory, according to results from the most recent Multifamily Market Survey (MMS) by the National Association of Home Builders (NAHB). The MMS produces two separate indices: 1. The Multifamily Production Index (MPI) rose 10 points to 37 compared to the previous quarter. 2. The Multifamily Vacancy Index (MVI) increased three points to 62, with higher numbers indicating more vacancies. The MPI measures builder and developer sentiment about current conditions in the apartment and condo market on a scale of 0 to 100. The index and all of its components are scaled so that a number below 50 indicates that more respondents report conditions are getting worse than report conditions are improving.